Guam § 8122 - Authorization for Tax Exempt Commercial Paper Program.
Full text of Guam Guam Code Annotated § 8122 — Authorization for Tax Exempt Commercial Paper Program., with citation guidance and answers to common questions.
§ 8122. Authorization for Tax Exempt Commercial Paper Program.
(a) Authorization for Tax Exempt Commercial Paper Program. The Public Utilities Commission PUC
and the Guam Economic Development Authority GEDA have authorized the Guam Power Authority GPA
to enter into a borrowing or financing program referred to as tax exempt commercial paper TECP. GPA is
authorized to establish a tax exempt commercial paper program in accordance with the approvals of the
PUC and GEDA.
(b) Purposes: Terms of Borrowing. GPA is authorized to incur debt under the Tax Exempt Commercial
Paper Program up to a limit of Fifty Million Dollars ($50,000,000). This amount may be used to replace
COL 2025-04-22
the existing lines of credit. At no time will the total outstanding balance borrowed from TECP and lines of
credit arising from operation and maintenance purposes exceed this amount without approval from the
Public Utilities Commission.
Frequently Asked Questions About Guam § 8122
What does Guam Code Annotated § 8122 cover?
Section 8122 ("Authorization for Tax Exempt Commercial Paper Program.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 8122?
A common citation format is "Guam Code Annotated § 8122" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 8122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.